As I mentioned earlier, today’s breaking budget news is that the congressional budget committees released their budget blueprints. There are some notable differences between the House and Senate resolutions, and both differ from the president’s proposal–the House plan, for instance, will drop the deficit to $600 billion over five years, compared to the $500 billion in the Senate plan, whereas the Congressional Budget Office predicted higher deficits under Obama’s outline. Still the administration and congressional leaders are playing these differences down.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=144523